Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August: Work-in-process inventory, August 1 Conversion: 90% complete Work-in-process inventory, August 31 Conversion: 50% complete Units started Units completed and transferred out Costs Work-in-process inventory, August 1 Material X Material Y Conversion Costs added during August Material X Material Y Conversion 36,000 units 30,000 units 64,000 ? $ 64,100 80,500 118,140 153,500 136,500 306,860 Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method. Required: Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. Calculate the cost of units transferred out. Calculate the cost of the ending Work-in-Process Inventory.

Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August: Work-in-process inventory, August 1 Conversion: 90% complete Work-in-process inventory, August 31 Conversion: 50% complete Units started Units completed and transferred out Costs Work-in-process inventory, August 1 Material X Material Y Conversion Costs added during August Material X Material Y Conversion 36,000 units 30,000 units 64,000 ? $ 64,100 80,500 118,140 153,500 136,500 306,860 Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method. Required: Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. Calculate the cost of units transferred out. Calculate the cost of the ending Work-in-Process Inventory.

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Description: Please do not give solution in image format thanku Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The followingdata pertain to the mixing department for August:Work-in-process inventory, August 1Con

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 20E: Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through...

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